PHOTOS OF THE WEEK

By | 2020 Newsletter week 31 | No Comments

1000 Finns Visited Saaremaa with Tallink Grupp’s Vessel VICTORIA I on a One-Off Special Cruise

The company’s vessel VICTORIA I left Helsinki on Monday night, 27 July, with just slightly over 1000 Finnish passengers on board, ready to discover the Estonian island gem of Saaremaa.

This is the first time Victoria I is visiting Saaremaa and it is the largest vessel by gross tonnage to ever visit the Saaremaa deep harbour, completed in 2006 and located approximately 40 kilometres from the capital of the island, Kuressaare.

Around 30 coaches were waiting for the passengers at the port to transfer passengers to Kuressaare and to take them on various island tours to visit Saaremaa’s famous landmarks, such as Angla windmills, Kuressaare castle and much more.

Commenting on the special cruise, Tallink Grupp’s CEO Paavo Nõgene said: “If the passenger feedback is positive to this kind of trip and there is more demand for Saaremaa cruises, we will be happy to consider offering these cruises also in the future.”

Tallink Grupp To Get State Loan Up To EUR 100 Million

By | 2020 Newsletter week 20 | No Comments

The Government of the Republic of Estonia today approved the terms of a working capital loan to AS Tallink Grupp. The total amount of the loan limit is EUR 100 million and the loan can be issued in EUR 10-40 million tranches. The interest rate of the three-year maturity loan is 12-month Euribor +2%. The loan must be secured with the assets of the Company’s consolidation group and will be issued by SA KredEx.

The loan still needs to be approved by the Kredex Supervisory Board. This expected on Friday 15 May.

 

Tallink Grupp’s Q1 Shows A Deteriorated Overall Outcome – Freight Is Up

  • Unaudited consolidated revenue EUR 154.9 million (-13.4%)
  • Net loss EUR 30.2 million
  • Unaudited EBITDA EUR -1.3 million (3.8 million in Q1 2019).

The first two months of the year had set the company on a positive trajectory for the year with passenger numbers up in both January and February, by 12.4% and 8% respectively. However, as a state of emergency was declared in Estonia, Latvia and Finland due to the global coronavirus pandemic in mid-March and the company’s home market governments closed borders to stop the spread of the virus, the passenger numbers fell sharply by 59.3% in March and have reduced by 95.9% in April.

AS Tallink Grupp’s Explanation and Correction of Facts after Financing Negotiations Land in the Media

By | 2020 Newsletter week 17 | No Comments

AS Tallink Grupp’s Explanation and Correction of Facts after Financing Negotiations Land in the Media

What happened?

  • LHV made a loan proposal to Tallink Grupp
  • LHV, disclosed via news agency BNS (Baltic News Service) that it has made a financing proposal to Tallink Grupp thus commencing a public debate on the topic of the financing proposal in the Estonian media.
  • Shortly before, Tallink declined the offer.
  • Because of the media attention and the spread of wrong facts, causing damage to the company’s reputation, Tallink Grupp decided exceptionally to make the terms of the proposal in question public and provide related comments.

Tallink Grupp Reports Record-Breaking Q3

By | 2019 Newsletter week 46 | No Comments

The record-breaking quarter is the result of the group carrying and serving record numbers of passengers in July and August and strong onboard and onshore sales.

  • Net profit was €54.6 million (46.1 million in Q3 2018), which is the highest ever net profit for the group for Q3.
  • EBITDA increased by €12.1 million to €83.2 million.
  • Revenue increased by 1.5% to a total of €287.8 million.

First 9 months 

  • €44.2 million net profit, which is a 2.4 million (5.8%) increase.
  • Revenue decreased by 0.1% and was €722.7 million.
  • EBITDA increased by almost €19 million (€137.7 million).

The financial result of the first nine months of 2019 was positively impacted by the very strong third quarter, but negatively impacted by the docking of seven of the company’s vessels in the first half of the year.

FERRY FINANCE

By | 2019 Newsletter week 41 | No Comments

AS Tallink Grupp Statistics For September 2019 And Q3

Traffic trends for September

  • -1.7% passengers
  • -0.1% cars
  • -2.7% freight units

Traffic trends for Q3 (July-September)

  • +0.9% passengers = 2 974 790
  • +0.4% cars = 353 725
  • -1.7% freight units = 93 329

April Was A Bit Disappointing For AS Tallink Grupp

By | 2019 newsletter week 19 | No Comments

In April 2019, AS Tallink Grupp transported 779,113 passengers, which is a 1.3% decrease compared to April 2018.

For information: Last year the Easter weekend started in March, with Easter Sunday on the 1st of April. This year, Easter was on the 21st, with the whole Easter weekend in April.

The number of cargo units decreased by 2.3% to 32,386 units and the number of passenger vehicles decreased by 3.7% to 84,203 units.

AS Tallink Grupp Has Extended Vessel Charter Agreement

By | 2019 Newsletter Week 12 | No Comments

A subsidiary of AS Tallink Grupp, Baltic SF IX Limited and Marine Atlantic Inc, a Canadian company with the state participation therein, have concluded to extend the current charter agreement of ro-pax ATLANTIC VISION (ex. SUPERFAST IX) for one year, until November 2020, with an option to extend the agreement for an additional two years.

The vessel has been on the long-term bareboat charter since November 14, 2008.